4,640 sq ft Land & Building for Auction in Virudhunagar – SIB

Property Details

Property type

Land & Building (Residential)

Possession

Physical Possession

Area

4,640 sq ft

Reserve price / sq ft

₹1,523

Locality

—

City

Virudhunagar

State

Tamil Nadu

Address

Item No.2: All that part and parcel of land admeasuring 4640 Sq.ft along with residential building thereon bearing Door No. 120B in Ward No. 2 of Dhalavaipuram Panchayat admeasuring 2156.01 Sq. ft. (approx) along with all other constructions, improvements, easementary rights existing and appurtenant thereon situated in S No. 331/1, now new as per sub division S No. 331/1A, S No. 333/2, now new S No. 333/2A, S No. 332/1, now new S No. 332/1P within Chettiyarpatti Village, Rajapalayam Taluk, Virudhunagar District and owned by Mr. K S Ramesh, morefully described in Partition Deed No. 2315/2006 dated 30-11-2006 & Rectification Deed No. 1526/2013 dated 30-05-2013 both of Sub Registrar Office - Seithur and bounded on North: East West common pathway, South: Ramasundara Nadar East West street, East: common pathway, West: 1st Schedule North South common wall. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Rajapalayam Branch

Auction type

SARFAESI Auction

Borrower

M/s E K S S***** P***** L*****

Auction start

14 Oct 2026, 11:00 AM

Auction end

14 Oct 2026, 12:00 PM

EMD submission deadline

12 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2404902

Price Check

This listing's reserve price works out to ₹1,523 per sq ft. The average across residential bank auctions in Virudhunagar on our site is ₹2,549 per sq ft, so this one is 40% below that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
2. Inspect the property on the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (bankauctions.in (4Closure) · Listing 2404902), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹7,06,900 before 12 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 14 Oct 2026 starting above the reserve price, in multiples of ₹50,000.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.